Rehab in Harrisburg PA

[Ro B.]

Family member selling me a house for low 4 figures. The floors caved into the basement (2 floor home) so no access at the moment. How feasible will it be for a contractor to peek in and provide an estimate to see if it is worth repairing? I'm a newbie and am about to die from analysis paralysis in general. Just can't wait to make that first deal. I've been trying!

[Kyle McCorkel]

@Ro B.

Multiple red flags:

ARV too low

You are out of state

You are a newbie

Rehab sounds too extensive (structural)

Rehab could be $70k so best case you break even, but more likely you will lose money

Maybe buy it from your family member and sell it to a local investor for a few thousand more.

Put it this way, there’s local, experienced investors who would probably pass on the deal.